Infographic: Useful Facts About Owning Credit Cards in the Philippines (Choose the Right One for You!)

Thinking of getting your own plastic fantastic? Read facts to help you do it smartly.

Read helpful information you must know about owning credit cards in the Philippines:

Credit cards have become part of popular culture. In the past couple of decades, they have become a symbol if not of status then of a life of freedom travelling, shopping, dining out, and generally recreating. After all, while some things money can’t buy, a lot definitely can.

Surprisingly, credit card ownership remains low in the Philippines compared to our neighbors in Asia. According to the Bangko Sentral ng Pilipinas, only 7M Filipinos currently own credit cards in the Philippines. However, while we are still a card-averse country in general, times may be changing mainly because of the conveniences of using plastic for purchases in modern financial transactions, especially online.

Thinking of signing up for a credit card? Read the following helpful facts any would-be credit card holder should know:


Want other loan alternatives to credit cards in the Philippines?

Loansolutions will help you find credit in the form of a personal, vehicle, business, or OFW loan. Trust the Philippines’ #1 loans market to help you make an informed financial choice. Choose the best financial products from our network of banks and legitimate lenders. Our team of expert loan agents will help you process your loan application – from documents submission all the way to approval. We do it for you at zero cost.


Written by Kash Avena

Kash has been with in marketing and business development roles since 2014. Now based overseas, she is happy purveyor of financial literacy for OFWs and their families.

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